The Ruby Mills Ltd. (F.Y. 2024-2025)
Executive Summary
The Ruby Mills Ltd. is one of India’s oldest textile manufacturing companies. It was established in 1917. The company operates in two major businesses- Textiles and Real Estate. During 2025, the company has a strong financial position. The textile industry is the company’s primary revenue contributor. The company also made progress in its flagship “The Ruby” commercial project at Dadar, Mumbai. The company focuses on operational efficiency, premium product, strategic real estate development, and long-term sustainability.
Company Overview
The Ruby Mills Ltd. is one of India’s oldest textile manufacturing companies. It was established in 1917. The company has a strong reputation in the textile industry. The company is also expanding the real estate sector. The company’s main business is the manufacturing of cotton, synthetic, blended, and technical fabrics. The company supplies to both domestic and international apparel brands. Ruby Mills is known for producing high-quality fabrics used in fashion apparel, uniforms, industrial textiles, and technical textile applications. The company also made progress in its flagship “The Ruby” commercial project at Dadar, Mumbai. During 2025, the company has a strong financial position. The company focuses on innovation, quality products, and efficient operations.
Industry Overview
The Ruby Mills Ltd. operates in two important sectors- textiles and real estate both offer long-term growth opportunities. The textile industry benefits from strong domestic consumption, government support, and expanding export markets. The company’s main business is the manufacturing of cotton, synthetic, blended, and technical fabrics. The real estate sector is driven by urbanization and rising demand for commercial infrastructure. Ruby Mills is known for producing high-quality fabrics used in fashion apparel, uniforms, industrial textiles, and technical textile applications. The company also made progress in its flagship “The Ruby” commercial project at Dadar, Mumbai.
Financial Performance (for the year ended as on 31, March 2025) (Rs.in Lakhs)
Particulars | 2025 | 2024 |
Revenue from operations | 24,270.76 | 23,701.36 |
Other income | 2,442.95 | 1,333.90 |
Expenses | ||
Cost of material consumed | 9,849.97 | 6,983.43 |
Changes in inventories of FG and WIP | (2,280.42) | (443.03) |
Employee benefits expense | 2,903.60 | 2,624.50 |
Finance costs | 474.67 | 464.79 |
Depreciation and amortisation expense | 1,130.16 | 839.81 |
Other expenses | 9,257.15 | 8,999.83 |
Profit before tax | 5,376.58 | 5,565.93 |
Tex expense | ||
-Current tax | 651.61 | 1,000.00 |
-Deferred tax | 492.89 | 104.23 |
-Excess/short provision of tax relation to earlier years | 0.84 | 7.44 |
Profit for the year | 4,231.25 | 4,454.26 |
Source: Annual Report of The Ruby Mills Ltd. 2025
Key financial Ratio
Particulars | 2025 | 2024 |
Current ratio | 2.91 | 3.43 |
Debt equity ratio | 0.51 | 0.34 |
Net profit margin | 17.58% | 18.43% |
Operating profit margin | 23.04% | 25.09% |
Return on asset (ROA) | 4.08% | 5.12% |
Return on equity (ROE) | 6.63% | 7.67% |
Interest coverage ratio | 7.17 | 11.88 |
Source: Annual Report of The Ruby Mills Ltd. 2025
SWOT Analysis
Strengths 1.The company has a strong brand image. 2.The company has strong financial performance in 2025. 3.The company has a strong focus on innovation, sustainability, etc. 4.The company has a strong domestic and international market. | Weaknesses 1. The company highly depends on the textile industry. 2.Changes in raw material prices and cotton prices affects production costs and profit margin. |
Opportunities 1.The company’s demand is growing for premium and technical textiles. 2. The company can expand its business. 3.The company has government support. 4.The company’s demand is growing for sustainable and eco-friendly products. | Threats 1.The company has strong competition. 2. There can be economic slowdown and uncertainty in the market. 3.Changes in cotton process and raw material prices can affect operating margin. |
Conclusion
The Ruby Mills Ltd. is one of India’s oldest textile manufacturing companies. During 2025, the company has a strong financial position. The textile industry is the company’s primary revenue contributor. The company also made progress in its flagship “The Ruby” commercial project at Dadar, Mumbai. The company focuses on operational efficiency, premium product, strategic real estate development, and long-term sustainability. The company also maintained high standards of corporate governance, risk management, and internal financial controls. The company faced challenges such as change in raw material prices, high competition, and change in market conditions. The Ruby Mills Ltd. is well-established for future growth.